Share this article
Canadian Pacific Railway Seeks Logistics Boost From Blockchain Tech
Canadian Pacific – in operation since 1881 – has joined blockchain-based logistics platform TradeLens.
Updated Sep 14, 2021, 10:08 a.m. Published Oct 13, 2020, 8:06 a.m.
Make us preferred on Google
Canada's second-largest railway – a firm founded in 1881 – has become a member of blockchain logistics platform TradeLens in a bid to improve its supply-chain efficiency.
STORY CONTINUES BELOW
Don't miss another story.Subscribe to the Crypto Daybook Americas Newsletter today. See all newsletters
- As announced in a recent press statement, Canadian Pacific Railway (CP) aims to use the platform to create, share and amend documents with other supply-chain participants to reduce complexities in its shipping processes.
- TradeLens will assist CP's intermodal shippers to share documents with other participants in the supply chain including consignees, beneficial cargo owners, customs agencies, dray operators and shipping lines.
- "Global shipping is a profoundly complex business and TradeLens is improving the information-sharing processes that support the industry," CP Vice President and Chief Information Officer Mike Redeker said in the announcement.
- TradeLens was jointly founded by IBM and Maersk in 2018 and is said to have more than 700 million events and six million individual documents processed annually.
- In effect, the platform attempts to reduce the time it takes to process normally manual administrative tasks by deferring those tasks to automated digital procedures supported by blockchain tech.
- Canadian Pacific is publicly traded on the Toronto Stock Exchange and the New York Stock Exchange.
See also: Oman’s Largest Port Joins Blockchain Shipping Platform TradeLens
More For You
KuCoin captured a record share of centralised exchange volume in 2025, with more than $1.25tn traded as its volumes grew faster than the wider crypto market.
What to know:
- KuCoin recorded over $1.25 trillion in total trading volume in 2025, equivalent to an average of roughly $114 billion per month, marking its strongest year on record.
- This performance translated into an all-time high share of centralised exchange volume, as KuCoin’s activity expanded faster than aggregate CEX volumes, which slowed during periods of lower market volatility.
- Spot and derivatives volumes were evenly split, each exceeding $500 billion for the year, signalling broad-based usage rather than reliance on a single product line.
- Altcoins accounted for the majority of trading activity, reinforcing KuCoin’s role as a primary liquidity venue beyond BTC and ETH at a time when majors saw more muted turnover.
- Even as overall crypto volumes softened mid-year, KuCoin maintained elevated baseline activity, indicating structurally higher user engagement rather than short-lived volume spikes.
More For You
Key bitcoin price levels to watch as downward pressure builds
As bitcoin remains in a downtrend, several technical and onchain levels stand out as critical areas of support.
What to know:
- The 100-week moving average at $87,145 remains the main line of defense.
- Below this, the cost basis of U.S. spot bitcoin ETF buyers at $84,099 has provided support during recent consolidation.
- A sustained break below $80,000 would likely open the door to a revisit of the April 2025 low near $76,000.
Top Stories
